Anglo Canadian raises $400,000 for Timmins bet
lDynamic Capital has agreed to provide Anglo Canadian Mining (TSE) with $250,000 to finance the first stage of exploration on the MWF gold prospect in Matheson Twp. near Timmins, Ont. Anglo has also r…
News
Falling aluminum hits Amax income
A 40% drop in the price of primary aluminum from early 1989 levels was responsible for a decrease in the first-quarter income reported by New York-based Amax (TSE), according to Chairman Allen Born. A…
Papers on acid drainage invited
Acidic mine drainage is the largest single environmental problem facing the industry today. In Ontario and Quebec alone, there are 40 abandoned mine sites classified as hazardous waste sites because o…
EDITORIAL Small can be beautiful
A mine doesn’t have to be big to be a winner. A small, well-managed mine that makes money is better for shareholders than a big mine that struggles to get out of the red. The bottom line is profitabil…
River rafters force Geddes to revise mine plans
The British Columbia government has sent Geddes Resources (TSE) back to the drawing board to further research and revise its mine plan for the Windy Craggy copper deposit in the province’s far northwe…
Gammon seeks a balance for Ontario
hile Ontario’s new Mining Act will come into force next year, regulations for the act are still being generated. Leader of the team responsible for the task is John Gammon, 49, director of the Mineral…
Ocean Drilling to take place off B.C.’s coast
The Ocean Drilling Committee (ODC), an international research body, plans to drill a base metal deposit off the coast of British Columbia next summer. The drilling plan was announced by Jake Epp, fede…
COATS(over-the-counter) Canquest active again
On the verge of issuing a new prospectus, Canquest Resource traded 289,500 shares, closing up 15 cents at 55 cents for the week ended May 15. Canquest President John Bissett says the company hopes to …
EDITORIAL Labor costs in S.A.
Gold miners in the world’s largest gold producing country, the Republic of South Africa, have always received a much lower wage than their counterparts in Canada. As bargaining gets under way this yea…
INSIDE Research in drilling could help industry
The National Research Council is involved in studies to refine devices used in testing drill bit performance and to optimize drill bit composition and drilling conditions. The results could prove to b…
PEOPLE YUMA GOLD MINES
Gordon Gutrath appointed a director succeeding J.L. Klingmann who resigned.
Lab a memorial to Dr. Duncan Derry
A new electron microprobe lab, built as a memorial to Dr. Duncan Derry (1906-87), opened recently at the University of Toronto. Derry, an Officer of the Order of Canada, was inducted into the Canadian…